The Role of Institutional Context in the Development of the SME Biotech Sector in Poland
DOI:
https://doi.org/10.24917/20801653.25.7Keywords:
Biotech, entrepreneurial behaviour, institutional challenges, PolandAbstract
Whilst Poland is argued to represent one of the largest and most entrepreneurial economiesin CE with huge potential for development of the SME biotech industry, this sector remains relativelyunderdeveloped. In this paper, we explore reasons for this apparent anomaly, focusing on the interrelationshipsbetween institutional context and entrepreneurial behaviour. We adopt Smallbone andWelter’s (2009a, b) typology (Welter, Smallbone, 2011) of entrepreneurial behaviour in constructinga case study of the biotech SME industry in Poland, concluding that the sector faces particular institutionalchallenges which entrepreneurs react to in a variety of ways. We conclude that Poland presentsserious obstacles to a knowledge-intensive sector such as biotech.Downloads
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